Buying Tips

Once you’ve made the decision to purchase a home, the fun begins! But, where to start? Here are a few tips that might help you along the way:

What does your home look like to you? Double storey? Bedrooms? Bathrooms? Pool? View? Outdoor living? These are all the points you’ll need to work out before going any further.

Establish your budget. You’ll need to work out how much can you afford versus how much you want to pay for your home – keeping in mind point 1!

How much will you need for your deposit? Generally, banks require a 10-20% deposit and a healthy savings account before lending. A deposit over 20% also means you aren’t required to pay mortgage lenders insurance!

Top 3 suburbs. Then, with everything in mind (points 1, 2 and 3), what are you top three suburbs that you want to live in?

Negotiate! It’s time to come to an agreement between what the seller wants for their house, and how much you’re willing to pay for it.

Building and pest inspections. You’ll need a qualified inspector to report on the structural soundness of your property and if there are any termites or maintenance issues that need attention.

Find a conveyancer or solicitor. They will look after your best interests and provide advice where necessary. They will perform an array of searches for you like: main road searches, title searches, council searches, and a few others worth paying for your peace of mind. They will also coordinate the sale and be there for settlement